SpringBig Holdings Inc 2026年季度报告

SPRINGBIG, INC Part I – Financial InformationItem 1.Financial Statements (Unaudited)2Condensed Consolidated Balance Sheets as of March 31, 2026, and December 31, 20252Condensed Consolidated Statements of Operations for the three months ended March 31, 2026, and 20253Condensed Consolidated Statements of Changes inStockholder’s Deficit for three months ended March 31,2026, and 20254Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2026, and 20255 Notes to the Condensed Consolidated Financial Statements6Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations22Item 3.Quantitative and Qualitative Disclosure About Market Risk32 Part I – Financial Information Forward Looking Statements This Quarterly Report on Form 10-Q contains forward looking statements that are subject to risks and uncertainties. All statementsother than statements of historical fact included in this Quarterly Report on Form 10-Q are forward looking statements. Forwardlooking statements include our current expectations and projections relating to our financial condition, results of operations, plans,objectives, future performance and business. You can identify forward looking statements by the fact that they do not relate strictly tohistorical or current facts. These statements may include words such as “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,”“believe,” “may,” “will,” “should,” “can have,” “likely” and other words and terms of similar meaning in connection with anydiscussion of the timing or nature of future cash flows, operating or financial performance or other events. These forward-lookingstatements are not historical facts, and are based on current expectations, estimates and projections about our industry and Company,management’s beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and Factors that could cause our actual results and our financial condition to differ materially from those indicated in our forward- ●our obligations to the holders of our secured notes are secured by a security interest in substantially all of our assets, so if wedefault on those obligations, the noteholders could foreclose on, liquidate and/or take possession of our assets and/oraccelerate the payment of principal, and we have received a notice of default related to these secured notes; to date, the ●trends in the cannabis industry and SpringBig’s market size, including with respect to the potential total addressable market inthe industry; ●SpringBig’s growth prospects; ●new product and service offerings SpringBig may introduce in the future; ●the price of SpringBig’s securities, including volatility resulting from changes in the competitive and highly regulatedindustry in which SpringBig operates and plans to operate, variations in performance across competitors, changes in laws and ●the ability to implement business plans, forecasts, and other expectations, and identify and realize additional opportunities;and ●other risks and uncertainties indicated from time to time in filings made with the Securities and Exchange Commission (the“SEC”). These risks are not exhaustive. New risk factors emerge from time to time, and it is not possible for our management to predict allrisk factors, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors,may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of theserisks or uncertainties materialize or should any of the assumptions made by the management of SpringBig prove incorrect, actualresults may vary in material respects from those projected in these forward-looking statements. Additional information concerning You should read this Quarterly Report on Form 10-Q completely and with the understanding that our actual future results, levelsof activity and performance as well as other events and circumstances may be materially different from what we expect. We qualify all SPRINGBIG HOLDINGS, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) SPRINGBIG HOLDINGS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) NOTE 1 – DESCRIPTION OF BUSINESS SpringBig Holdings, Inc. and its wholly owned subsidiaries (the “Company,” “we,” “us,”, “our”, or “SpringBig”) developed asoftware platform that provides marketing and customer engagement services to cannabis dispensaries and brands throughout theUnited States and Canada. The Company allows merchants to provide loyalty plans and rewards directly to consumers through an The Company has one direct wholly owned subsidiary, SpringBig, Inc. On June 14, 2022 (the “Closing Date”), SpringBig Holdings, Inc. (formerly known as Tuatara Capital Acquisition Corporation(“Tuatara” or “TCAC”)), consummated the business combination of SpringBig, Inc. (“Legacy SpringBig”) a